Daycroft INC: FY2024 Nonprofit Profile & Form 990 (EIN 38-2430758)

Revenue by fiscal year
FY2020	$2.9M
FY2021	$2.2M
FY2022	$3.7M
FY2023	$3.6M
FY2024	$3.8M
FY2024	$4.4M

Expenses by fiscal year
FY2020	$2.1M
FY2021	$2.0M
FY2022	$2.6M
FY2023	$3.0M
FY2024	$3.4M
FY2024	$3.9M

Net assets by fiscal year
FY2020	$1.7M
FY2021	$2.0M
FY2022	$3.1M
FY2023	$3.8M
FY2024	$4.1M
FY2024	$4.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

76%

19%

Program services 76% · $2.6M Management & general 19% · $656K Fundraising 5% · $168K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $286K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

David Lee

Head of School

$174,965Pt VII · Sec A

Greg Palkowski

Business & Finance Directo

$111,470Pt VII · Sec A

Kimberly Sackett

Director

$0Pt VII · Sec A

Sally Read

Director

$0Pt VII · Sec A

Audrey Perrott

Director

$0Pt VII · Sec A

Greg Roseberry

Director

$0Pt VII · Sec A

Sean Etheridge

Director

$0Pt VII · Sec A

Dayna Leplatte

Director

$0Pt VII · Sec A

David Lee’s $199K as Head of School is at the 82nd percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

Name	FY2024	FY2024	FY2023	FY2022
David Lee	$198,684	$174,965	$161,962	$161,962
Greg Palkowski	$119,270	$111,470	$107,320	—
Audrey Perrott	—	—	$1,950	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Daycroft INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Fosters student confidence, compassion, and a lifelong love of learning.

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Provided by the organization

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1 program · $2.6M · in their own filed words · FY2023

01

Daycroft provides a personalized learning environment that appreciates individual differences, nurtures the whole child, and enables students to develop at their own pace and achieve to their full potential to approximately 172 students.

$2.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

American Online Giving Foundation INCFY2024$13K

Fidelity Investments Charitable Gift FundFY2024$10K

Total grants receivedfrom 2 funders$23K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$3.8M

Ln 12

Fees for servicesLn 2g$3.3M

Gifts and grantsLn 1h$268K

Investment incomeLn 3$103K

Money outPt IX

$3.4M

Ln 25

Programscol B$2.6M

Managementcol C$656K

Fundraisingcol D$168K

Owns and owesPt X

$4.1M

net assets · Ln 32

Cash and savingsLn 1–2$3.0M

Total assetsLn 16$5.0M

LiabilitiesLn 26$938K

PeoplePt VI, VII

17

listed · VII A

PaidVII A2

Voting boardVI 1a15

IndependentVI 1b15

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$268K

Noncash giftsLn 1g$110K

Fundraising eventsLn 1c$46K

Fees for servicesLn 2g$3.3M

Investment incomeLn 3$103K

Other incomeLn 4–11$41K

Gains on assetsLn 7−$532

Total revenueLn 12$3.8M

Assets in detailPt X, end of year

CashLn 1$653K

SavingsLn 2$2.4M

Cash and savings togetherLn 1–2$3.0M

Land, buildings, equipmentLn 10c$1.9M

Other assetsLn 15$25K

Total assetsLn 16$5.0M

LiabilitiesLn 26$938K

Net assetsLn 32$4.1M

OperationsPt I, VI

EmployeesI 562

VolunteersI 650

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$2.9M	$3.0M
Land, buildings, equipmentLn 10c	$1.6M	$1.9M
Total assetsLn 16	$4.7M	$5.0M
LiabilitiesLn 26	$872K	$938K
Net assetsLn 32	$3.8M	$4.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$262K	$202K	$48K	$12K
Other salaries and wagesLn 7	$1.9M	$1.5M	$357K	$89K
Pension plan contributionsLn 8	$37K	$29K	$7K	$2K
Other employee benefitsLn 9	$186K	$145K	$33K	$8K
Payroll taxesLn 10	$157K	$121K	$29K	$7K
Legal feesLn 11b	$9K	$272	$9K
Accounting feesLn 11c	$24K	$725	$24K
Other fees for servicesLn 11g	$28K	$837	$27K
Advertising and promotionLn 12	$48K	$40K	$4K	$4K
Office expensesLn 13	$24K	$15K	$3K	$5K
Information technologyLn 14	$26K	$20K	$5K	$774
OccupancyLn 16	$257K	$216K	$31K	$10K
TravelLn 17	$4K	$4K
InterestLn 20	$7K		$7K
Depreciation, depletion and amortizationLn 22	$132K	$118K	$15K
Other expenses (24a–d)Ln 24	$255K	$198K	$56K	$2K
All other expensesLn 24e	$47K	$16K	$3K	$28K
Total functional expensesLn 25	$3.4M	$2.6M	$656K	$168K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Viewing	$3.8M	$3.4M	$322K	$4.1M	990 PDF
FY2023	$3.6M	$3.0M	$653K	$3.8M	990 PDF
FY2022	$3.7M	$2.6M	$1.1M	$3.1M	990 PDF
FY2021	$2.2M	$2.0M	$270K	$2.0M	990 PDF
FY2020	$2.9M	$2.1M	$715K	$1.7M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (6 parts)

Part I · Summary $3,755,638 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $418,161$268,222

I-9 Program service revenuePrior year $3,112,686$3,343,521

I-10 Investment incomePrior year $37,873$103,162

I-11 Other revenuePrior year $55,017$40,733

I-12 Total revenuePrior year $3,623,737$3,755,638

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $2,211,896$2,572,742

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $758,550$860,792

I-18 Total expensesPrior year $2,970,446$3,433,534

I-19 Revenue less expensesPrior year $653,291$322,104

Part VI · Governance 15 of 15 board members independent, 1 to look at

VI-1a Voting members of the governing body15

VI-1b Independent voting members15

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $3,755,638 across 10 lines filed

Lines not itemized here account for $7,002 of total revenue; see the IRS return.

VIII-1c Fundraising events$45,625

VIII-1f All other contributions, gifts and grants$222,597

VIII-1g Noncash contributions (included above)$110,330

VIII-1h Total contributions, gifts and grants$268,222

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,336,519$3,336,519

VIII-3 Investment incomeExcluded from tax $103,694$103,694

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$532−$532

VIII-8 Net income from fundraising eventsExcluded from tax $30,059$30,059

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,674$10,674

VIII-12 Total revenueRelated to mission $3,354,195 · Unrelated business $0 · Excluded from tax $133,221$3,755,638

Part IX · Statement of functional expenses $3,433,534 across 17 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $201,902 · Management $47,909 · Fundraising $11,977$261,788

IX-7 Other salaries and wagesPrograms $1,485,012 · Management $356,652 · Fundraising $89,163$1,930,827

IX-8 Pension plan contributionsPrograms $29,079 · Management $6,602 · Fundraising $1,650$37,331

IX-9 Other employee benefitsPrograms $144,639 · Management $32,838 · Fundraising $8,210$185,687

IX-10 Payroll taxesPrograms $120,917 · Management $28,954 · Fundraising $7,238$157,109

IX-11b Legal feesPrograms $272 · Management $8,896$9,168

IX-11c Accounting feesPrograms $725 · Management $23,695$24,420

IX-11g Other fees for servicesPrograms $837 · Management $27,362$28,199

IX-12 Advertising and promotionPrograms $39,938 · Management $3,804 · Fundraising $3,804$47,546

IX-13 Office expensesPrograms $15,381 · Management $3,218 · Fundraising $5,113$23,712

IX-14 Information technologyPrograms $19,877 · Management $5,163 · Fundraising $774$25,814

IX-16 OccupancyPrograms $215,741 · Management $30,820 · Fundraising $10,273$256,834

IX-17 TravelPrograms $4,326$4,326

IX-20 InterestManagement $6,929$6,929

IX-22 Depreciation, depletion and amortizationPrograms $117,616 · Management $14,537$132,153

IX-24 Other expenses (24a–d)Programs $197,504 · Management $55,695 · Fundraising $1,747$254,946

IX-24e All other expensesPrograms $15,976 · Management $3,027 · Fundraising $27,742$46,745

IX-25 Total functional expensesPrograms $2,609,742 · Management $656,101 · Fundraising $167,691$3,433,534

Part X · Balance sheet $5,039,629 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $595,170$653,185

X-2 Savings and temporary cash investmentsStart of year $2,257,548$2,368,340

X-4 Accounts receivableStart of year $4,195$6,248

X-9 Prepaid expenses and deferred chargesStart of year $71,030$76,521

X-10c Land, buildings and equipment, netStart of year $1,573,780$1,910,699

X-15 Other assetsStart of year $149,914$24,636

X-16 Total assetsStart of year $4,651,637$5,039,629

X-17 Accounts payable and accrued expensesStart of year $234,645$281,602

X-19 Deferred revenueStart of year $487,488$506,419

X-26 Total liabilitiesStart of year $872,133$938,021

X-27 Net assets without donor restrictionsStart of year $3,735,629$4,069,276

X-28 Net assets with donor restrictionsStart of year $43,875$32,332

X-32 Total net assets or fund balancesStart of year $3,779,504$4,101,608

X-33 Total liabilities and net assetsStart of year $4,651,637$5,039,629

Part XI · Reconciliation of net assets $4,101,608 net assets at year end

XI-1 Total revenue$3,755,638

XI-2 Total expenses$3,433,534

XI-3 Revenue less expenses$322,104

XI-4 Net assets at start of year$3,779,504

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$4,101,608

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Daycroft INC FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Compensation history total reportable pay by year · 3 named individuals · Part VII

Questions the 990 asks

Programs and updates

Questions for Daycroft INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV